FLORIDA ASSOCIATION OF MITIGATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

KELLY SANDS

Phone

2395308044

Tax Period

2021-01-01 to 2021-12-31

FLORIDA ASSOCIATION OF MITIGATION BANKERS INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $162K in total revenue in fiscal year 2021. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $32K, a strong 20% operating margin.

Mission

THE ORGANIZATION IS AN INDUSTRY ASSOCIATION REPRESENTING ENTITIES THAT OWN AND OPERATE MITIGATION BANKS. THE ORGANIZATION PROMOTES AND ENCOURAGES THE CONCEPT OF WETLAND MITIGATION BANKING ON BOTH A FEDERAL AND STATE REGULATORY LEVEL. THE GENERAL PURPOSE OF THE ORGANIZATION IS TO WORK TOWARD THE OVERALL ACCEPTANCE, USE, AND OPERATION OF MITIGATION BANKS TO SATISFY WETLAND MITIGATION REQUIREMENTS WITHIN THE CLEAN WATER ACT, STATE WETLAND LAWS, AND/OR LOCAL WETLAND ORDINANCES.

Program Service Accomplishments

Program 1

THE ORGANIZATION AND ITS MEMBERS PROVIDE EMPLOYMENT, PURCHASE GOODS AND SERVICES, AND PROMOTE PRESERVATION OF LARGE TRACTS OF ENVIRONMENTALLY SENSITIVE LAND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $162,291

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,495

TOTAL EXPENSES $130,495

Year-over-Year Comparison

	2021	2020	Change
Revenue	$162,291	$147,200	+0.1%
Expenses	$130,495	$110,352	+0.2%
Net Income	$31,796	$36,848	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON ROSS	DIRECTOR	N/A	Director	$0	$0	$0
CARL SALAFRIO	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH SICBALDI	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS TANNER	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL WALTERS	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
RYAN DIEBLER	SECRETARY	N/A	Officer	$0	$0	$0
DESMOND DUKE	TREASURER	N/A	Officer	$0	$0	$0
KAE HOVATER	VICE PRESIDE	N/A	Officer	$0	$0	$0
KELLY SANDS	PRESIDENT	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$162,291	$130,495	$103,881	$31,796
2020	$147,200	$110,352	$72,085	$36,848
2019	$105,150	$102,821	$35,237	$2,329
2018	$88,600	$95,880	$32,908	$-7,280

FLORIDA ASSOCIATION OF MITIGATION BANKERS INC